Investment of $8 million secured by blockchain infrastructure provider Tally in their Series A round, headed by Appworks and Blockchain Capital.
In a groundbreaking development, Tally Protocol, a leading infrastructure provider for blockchain projects, is transforming the way Decentralised Autonomous Organisations (DAOs) are governed and managed. The company, led by CEO and co-founder Dennison Bertram, has recently raised $8 million in a Series A round, with Appworks and Blockchain Capital leading the investment, and participation from BitGo and others.
Bertram's vision for Tally is to simplify and lower the costs associated with forming and operating organisations by transitioning these processes entirely into software, rather than traditional jurisdictions. This shift could potentially rival nation states in terms of governance and capital formation, as Bertram suggests.
Tally Protocol offers a robust infrastructure for enhancing on-chain governance within the crypto industry. The platform provides several key benefits and applications, including seamless token launch with governance from day one, flexible and scalable voting models, expert guidance on governance parameters, institutional-grade token and governance tools, regulatory intelligence for compliance and sustainability, and confidential governance and privacy enhancements.
One of the standout features of Tally is its ability to accelerate the launch and management of DAO governance systems, allowing decentralised organisations to govern securely with flexible voting models. Large DeFi projects like Uniswap DAO and Arbitrum leverage Tally’s infrastructure to manage their governance processes on Ethereum and Solana, collectively managing billions in value.
In addition, Tally’s regulatory tools enable DAOs to navigate complex legal environments, helping crypto organisations remain compliant as they innovate. With future developments, DAOs can enhance privacy and security in governance through confidential on-chain voting and identity verification, minimising vulnerabilities like vote manipulation or identity exposure.
Bertram expects the evolution of Tally's technology to a point where on-chain organisations may be seen as a way to compete with nation states. The company's recent investment will be used to scale Tally's governance technology to more crypto-native DAOs, improving voter participation and addressing apathy in DAO governance.
Tally's infrastructure empowers DAOs with a complete, modular, and evolving governance framework that balances transparency, scalability, and regulatory compliance — critical for sustainable on-chain governance in the rapidly growing crypto ecosystem. With its innovative approach and promising future, Tally Protocol is set to redefine the landscape of on-chain governance in the crypto industry.
Investing in Tally Protocol's technology could provide opportunities in the rapidly growing crypto industry, as the company aims to revolutionizeDAO governance and finance by creating a more efficient and cost-effective way for decentralized organizations to operate. The platform's built-in regulatory tools also make it an attractive option for cryptocurrency organizations looking to navigate complex legal environments while maintaining compliance.
As Tally's technology scales to include more crypto-native DAOs, it may challenge traditional financing methods and competing jurisdictions in terms of governance and capital formation, potentially rivaling nation-states in the future. With its focus on transparent, scalable, and compliant on-chain governance, Tally Protocol's infrastructure is poised to transform the way news and innovation are shared within the crypto ecosystem.
